Compliance Officer
- Full Time, onsite
- UnionBank Financial Services and Insurance Brokerage Inc. (UFSI)
- Quezon City, Philippines
Job Description
- Compliance Oversight
a. Develop, implement, and maintain the firm's compliance and AML programs, policies, and procedures to ensure adherence to all applicable laws, regulations, internal policies and industry standard
b. Monitor regulatory changes and provide guidance on its impact on the firm
c. Conduct and/or oversee regular compliance audits and reviews to identify potential areas of vulnerability and mitigate risks
d. Liaise with regulatory bonds, prepare and submit required reports
e. Manage regulatory examinations and inquiries. Maintain a strong relationship and transparency with external auditors and regulatory bodies
f. Ensure mandatory training requirements are conducted for officers and directors to promote a culture of compliance
g. Ensure compliance with the Code of Corporate Governance, including proper onboarding of directors
- Risk Management
a. Oversees the risk management process and the implementation, maintenance and continuous improvement of processes and relevant documentation.
b. Evaluates potential operational risk stemming from employee errors or system failures that could disrupt business processes, then developing strategies to reduce exposure to these risks and respond effectively.
c. Provides insights on the following:
i. Risk management processes are performing as intended;
ii. Risk measures reported are continuously reviewed by risk owners for effectiveness; and
iii. Established risk policies and procedures are complied with.
iv. Validation of the RCSA process.
d. Coordinates with the relevant business units to communicate the top risks, and the status of the implementation of risk management strategies and action plans to the Audit Committee and the Board of Directors, and other relevant committees and forums of the parent Bank.
- Leadership and Collaboration
a. Collaborate with the first line of defense to enhance the firm's overall risk culture and promote the importance of compliance.
b. Foster a strong risk and compliance culture across the organization, ensuring alignment with the firm's strategic goals
Qualifications
- Minimum 3 years of experience in compliance, risk management, or a related field within the financial services and insurance industry.
- Strong understanding of investment and insurance brokerage operations, regulatory requirements, and industry best practices.
- Excellent planning, analytical, problem-solving, and decision-making skills.
- Strong leadership and communication skills, with the ability to influence and engage stakeholders at all levels.
- High ethical standards and a commitment to maintaining the integrity of the firm's compliance and risk management programs.
- Proficient in MS Office -Word, PPT, Excel
Job Description
- Compliance Oversight
a. Develop, implement, and maintain the firm's compliance and AML programs, policies, and procedures to ensure adherence to all applicable laws, regulations, internal policies and industry standard
b. Monitor regulatory changes and provide guidance on its impact on the firm
c. Conduct and/or oversee regular compliance audits and reviews to identify potential areas of vulnerability and mitigate risks
d. Liaise with regulatory bonds, prepare and submit required reports
e. Manage regulatory examinations and inquiries. Maintain a strong relationship and transparency with external auditors and regulatory bodies
f. Ensure mandatory training requirements are conducted for officers and directors to promote a culture of compliance
g. Ensure compliance with the Code of Corporate Governance, including proper onboarding of directors
- Risk Management
a. Oversees the risk management process and the implementation, maintenance and continuous improvement of processes and relevant documentation.
b. Evaluates potential operational risk stemming from employee errors or system failures that could disrupt business processes, then developing strategies to reduce exposure to these risks and respond effectively.
c. Provides insights on the following:
i. Risk management processes are performing as intended;
ii. Risk measures reported are continuously reviewed by risk owners for effectiveness; and
iii. Established risk policies and procedures are complied with.
iv. Validation of the RCSA process.
d. Coordinates with the relevant business units to communicate the top risks, and the status of the implementation of risk management strategies and action plans to the Audit Committee and the Board of Directors, and other relevant committees and forums of the parent Bank.
- Leadership and Collaboration
a. Collaborate with the first line of defense to enhance the firm's overall risk culture and promote the importance of compliance.
b. Foster a strong risk and compliance culture across the organization, ensuring alignment with the firm's strategic goals
Qualifications
- Minimum 3 years of experience in compliance, risk management, or a related field within the financial services and insurance industry.
- Strong understanding of investment and insurance brokerage operations, regulatory requirements, and industry best practices.
- Excellent planning, analytical, problem-solving, and decision-making skills.
- Strong leadership and communication skills, with the ability to influence and engage stakeholders at all levels.
- High ethical standards and a commitment to maintaining the integrity of the firm's compliance and risk management programs.
- Proficient in MS Office -Word, PPT, Excel